Tom Gilbane & Aric Shalev Of Rockpoint Group Acquire 97-Unit Multifamily Building In Los Angeles
10599 Wilshire Boulevard
Building Size
—
Asset Type
MultiFamily
Closing
Jun 10, 2026
AI
The 97-unit Wilshire Margot apartment building is located at 10599 Wilshire Boulevard in Los Angeles, CA. The property, constructed in 2007, is positioned along the Wilshire corridor, which is in proximity to UCLA, Century City, and Beverly Hills. It is situated within a supply-constrained market characterized by high demand for multifamily housing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 97
- Buyer: Tom Gilbane & Aric Shalev
- Buyer's Company: Rockpoint Group
- Address: 10599 Wilshire Boulevard, Los Angeles, CA
- Date of Transaction: 06/10/2026
Tom Gilbane and Aric Shalev, representing Rockpoint Group, are the key individuals in this acquisition. The firm's strategy includes a value-add repositioning of the property to capitalize on the current market conditions.
Players
Boulevard MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93